A bunch of rumors have been bandied around over the course of the past two months, suggesting that Motorola is in the process of developing a new budget friendly, low-end Moto X variant, dubbed the DVX. Up until now, we’ve heard a few whispers with regards to the internals of this handset, but little else, thanks to a very well-known Chinese “leaker”, we now know a little bit more about the device.

According to Houdabao, the DVX will be available to purchase in the U.S. for $250 off contract, which is significantly cheaper than its flagship sibling, which currently retails for $579.

If you’re anything like me, you may be wondering “How this handset can compete with the Moto X if it costs less than half the price?” Well, thanks to Houdabao, we also know that the DVX will pack a 4.5-inch LCD capacitive touchscreen, Motorola’s X8 mobile computing system and – unlike the Moto X – dual-SIM support.

In addition, a recent FCC filing for the device also reveals that it will feature a variety of the latest connectivity options, including: GSM 850/900/1800/1900, EDGE Class 12, WCDMA 850/900/1900/2100, HSDPA 21.1Mbps (Category 14), HSUPA 5.76Mbps, Bluetooth Class 1, Version 4.0 LE+EDR, and 802.11b/802.11g/802.11n Wi-Fi.

In terms of an official announcement, we’re still in the dark. However, a previous leak suggests that Motorola is preparing to launch the DVX later this month. So for now, we’ll just have to play the dreaded waiting game.